Goldman Sachs (GS) shares this morning fell nearly 2 percent in pre-market trading after it earned itself a downgrade from banking analyst extraordinaire Meredith Whitney, who downgraded Goldman to Neutral from Buy. Jim Cramer doesn't necessarily agree she deserves the Street's cred. Goldman Sachs reports earnings Thursday.
Bank of America (BAC) plans to turn over documents showing legal advice it received on its purchase of Merrill Lynch & Co. to the office of the New York attorney general, the AP reports a source familiar with the matter said Monday. The New York Times and Wall Street Journal have similar repots.

American International Group Inc. (AIG) said late Monday it has agreed to sell its nearly 98 percent stake in Taiwan unit Nan Shan to an investor group led by Hong Kong's Primus Financial for about $2.15 billion.

CIT Group Inc. (CIT) said Tuesday its chairman and CEO Jeffrey M. Peek plans to resign at the end of the year. CIT has been trying to avoid bankruptcy for months as it restructures its operations. Shares of CIT fell over 15 percent in premarket trading.

United Refining Energy Corp. (URX) and privately-held Chaparral Energy Inc. will merge in a deal valued at $1.8 billion. The new Chaparral Energy Inc. and will continue to trade on the NYSE Amex until it can transfer the listing to the NYSE with the ticker CPR.

Vanda Pharmaceuticals Inc. (VNDA) licensed the right to commercialize and develop Fanapt, a schizophrenia treatment, in the U.S. and Canada to Novartis (NVS), which will pay Vanda $200 million up front and as much as $265 million as the drug achieves development and commercial milestones. Shares jumped over 16 percent in pre-market trade.

Vascular Solutions Inc. (VASC) said late Monday it received FDA approval to sell the new Guardian II hemostasis valve, its blood clotting device used to reduce blood loss during certain surgical procedures. Shares jumped 17 percent ahead of the bell.